28 Jun 2011 19:03

Severstal interested in coal assets in Russia, Mongolia and Mozambique

MOSCOW. June 28 (Interfax) - Severstal is interested in coal assets in Russia, Mongolia and Mozambique, the director for strategy at Severstal-Resource, Boris Granovsky said during an investment conference organized by Renaissance Capital.

Severstal, along with BasEl and Renova, are among the contenders for Tavan Tolgoi, which is Mongolia's biggest coal field. However, Mongolian authorities believe that the state should retain the field and decided against privatizing 49%.

Severstal has steel, coal, iron ore and gold assets in Russia, North America, Europe, Africa and Ukraine. Severstal's main beneficiary is the general director, Alexei Mordashov, with more than 82% of shares. About 18% are in free float.